🟡 GOLD (XXAU/USD) TRADING PLAN
📈 BUY SETUP (LONG)
Condition:
Go long above the high of a 1-hour candle closing above $4208.
✔️ Entry Trigger
Wait for a 1H candle to close above $4208.
After the close, place a buy stop order slightly above the candle high to confirm momentum.
🎯 Targets
TP1: $4218
TP2: $4232
TP3: $4244
🛡️ Suggested Stop-Loss
Below the breakout candle low (ex: $4196–$4190 depending on candle size).
Maintain at least 1:1.5 RR for safety.
📊 Trade Logic
Breakout of $4208 confirms bullish strength.
Above this zone, the market has clean upside liquidity towards the 4218/4232/4244 levels.
📉 SELL SETUP (SHORT)
Condition:
Go short below the low of a 30-minute candle breaking below $4171.
✔️ Entry Trigger
Wait for a 30-min candle to close below $4171.
Set a sell stop order slightly below the candle low to avoid fakeouts.
🎯 Targets
TP1: $4160
TP2: $4148
TP3: $4135
🛡️ Suggested Stop-Loss
Above the breakdown candle high (ex: $4182–$4188 depending on 30m candle size).
📊 Trade Logic
Breakdown below $4171 signals bearish continuation.
Space to fall cleanly up to 4160/4148/4135 liquidity levels.
🔄 TRADE MANAGEMENT TIPS
🕒 Check for major news before trades (e.g., FOMC, CPI, NFP).
🧩 Use trailing stop once TP1 hits.
📉 Avoid trading in low-volume hours.
📏 Maintain consistent position sizing (risk 1–2% max per trade).
⚠️ DISCLAIMER
This is not financial advice.
Trading Gold (XXAU/USD) or any financial instrument involves significant risk.
Always do your own research, manage your risk, and trade only with money you can afford to lose.
📈 BUY SETUP (LONG)
Condition:
Go long above the high of a 1-hour candle closing above $4208.
✔️ Entry Trigger
Wait for a 1H candle to close above $4208.
After the close, place a buy stop order slightly above the candle high to confirm momentum.
🎯 Targets
TP1: $4218
TP2: $4232
TP3: $4244
🛡️ Suggested Stop-Loss
Below the breakout candle low (ex: $4196–$4190 depending on candle size).
Maintain at least 1:1.5 RR for safety.
📊 Trade Logic
Breakout of $4208 confirms bullish strength.
Above this zone, the market has clean upside liquidity towards the 4218/4232/4244 levels.
📉 SELL SETUP (SHORT)
Condition:
Go short below the low of a 30-minute candle breaking below $4171.
✔️ Entry Trigger
Wait for a 30-min candle to close below $4171.
Set a sell stop order slightly below the candle low to avoid fakeouts.
🎯 Targets
TP1: $4160
TP2: $4148
TP3: $4135
🛡️ Suggested Stop-Loss
Above the breakdown candle high (ex: $4182–$4188 depending on 30m candle size).
📊 Trade Logic
Breakdown below $4171 signals bearish continuation.
Space to fall cleanly up to 4160/4148/4135 liquidity levels.
🔄 TRADE MANAGEMENT TIPS
🕒 Check for major news before trades (e.g., FOMC, CPI, NFP).
🧩 Use trailing stop once TP1 hits.
📉 Avoid trading in low-volume hours.
📏 Maintain consistent position sizing (risk 1–2% max per trade).
⚠️ DISCLAIMER
This is not financial advice.
Trading Gold (XXAU/USD) or any financial instrument involves significant risk.
Always do your own research, manage your risk, and trade only with money you can afford to lose.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.